Glossary entry

español term or phrase:

sin repercusión de IVA

inglés translation:

without VAT

Added to glossary by Justin Peterson
Aug 30, 2023 13:29
9 mos ago
30 viewers *
español term

sin repercusión de IVA

español al inglés Otros Bienes inmuebles
The contract underscores that the BUYER is responsible for the IVA, not the Seller. Then it reads:
A efectos de lo dispuesto en el Real Decreto 1619/2012, de 30 de noviembre, la Vendedora entregará a la Compradora factura expedida con todos los requisitos exigidos por dicha disposición *sin repercusión de IVA* al ser la Compradora el sujeto pasivo del impuesto.
Now, what exactly does this 'sin repercusión de IVA' mean here? That the Seller should not include it on the invoice, or is not responsible for paying it?

Proposed translations

+1
7 minutos
Selected

without VAT

La repercusión del IVA es el acto por el cual una empresa o persona jurídica cobra el impuesto sobre el valor añadido al consumidor. Es aplicado sobre el precio del bien o servicio comercializado.Jun 1, 2021

Repercusión del IVA - Qué es, definición y concepto | 2023
Peer comment(s):

agree neilmac
3 horas
Thank you!
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4 KudoZ points awarded for this answer. Comment: "Thanks"
34 minutos

with no (UK:'passing-on' ) recharging of VAT (USA) reverse sales-tax charge

Should be no problem for a US translator or interpreter once self-billed as the 'best and greatest in the world'.

My 'grave and earnest studies and calculation of VAT' in UK Revenue Law finals outline-only tells me that no VAT in the US of A means a reverse, self-billing charge of sales tax, as used to obtain (yes, intransitive) in the UKand still prevails in the Reuplic of Irealnd.

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Note added at 36 mins (2023-08-30 14:06:03 GMT)
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... and still prevails in the Republic of Ireland.
Example sentence:

Reverse Charge concerns a special regulation in the sales tax law, according to which not the service provider, but the recipient of the service has to pay ...

The reduction of VAT rates led to a price decrease of roughly 1.3%, implying that about 70% of the tax cut were passed on to consumers.

Peer comment(s):

neutral AllegroTrans : What has any of this to do with the USA? And what is the first line of your "explanation" supposed to mean? Messed up potential glossary entry yet again
2 horas
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+2
2 horas

net of VAT/excluding VAT

The net amount is the price charged before VAT is added – also known as the VAT exclusive amount because it excludes VAT. The gross amount is the price charged after VAT is added – also known as the VAT inclusive amount because it includes VAT.

The VAT Calculator - Online VAT Calculator - 2023 UK, EU ...
Peer comment(s):

agree neilmac
39 minutos
thanks
agree Emmanuella
2 horas
thank you
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